Buying art through Bitcoin

CAIRO – 5 August 2017: The art world has begun to warm up to Bitcoin and other forms of digital currency, marking a possible new step forward when it comes to buying and selling artwork.

One of the artists most interested in Bitcoin's potential is Eleesa Dadiani, owner of London's Cork Street, who tells BBC News that she believes that digital currency will become the norm in the future, and she's keeping up with the times in advance.

In fact, she's even looking to develop her own digital currency, named Dadicoin after herself.

Bitcoin came into existence in 2009, emerging mysteriously from the depths of the web by an anonymous person with the handle of 'Satoshi Nakamoto'. Bitcoin allows for the ability to exchange transactions without the use of a real name or banks.

The art world's potential interest in cryptocurrencies such as Bitcoin would allow for less hassle between various middle-men when it comes to the exchange of art, and also for investors to afford multi-million dollar works of art.

With digital currencies, valuable works of art have the chance to become more broadly available to everyone.